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Nov 29, 2012
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and you can tell us something about that knophone c? >> we had very nice conversation last night. it was direct and straightforward. but this assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as part of a down payment to give to a longer range solution on entitlements and tax reform? >> there are a lot of options on the table, including that one. >> mr. speaker, before the election, you were asked whether if obama won taxes would have to go up. and you've made it sound like you would oppose that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolve
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and you can tell us something about that knophone c? >> we had very nice conversation last night. it was direct and straightforward. but this assessment i give you today would be a product of both of...
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Nov 30, 2012
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cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative days left on the congress's calendar before the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would imagine there has to -- tim geithner is too smart of a guy in this administration is filled
cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative...
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Nov 30, 2012
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> good morning. i'm mika brzezinski along here with joe scarborough, and this is "way too early." it's just "way too
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> good morning. i'm mika brzezinski along here with joe scarborough, and this is "way too early." it's just "way too
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Dec 21, 2012
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. >>> now to business where the fiscal cliff negotiations, of course, weighing on the global markets. stock futures took a big hit after house speaker john boehner failed to rally the republicans around his so-called plan b. earlier yesterday markets actually rallied led by bank of america and jpmorgan. for more on what to expect from wall street today, my good friend, cnbc's ross westgate. happy holidays, sir. >> hey, brian. happy holidays. good to see you before christmas, brian. yeah, we closed high yesterday, but with the events that you've talked about, republicans in the end not holding that vote because john boehner couldn't muster enough votes to raise taxes on people earning over $1 million. futures took a bit of a dive. and right now, we're calling markets down here, the s&p down twre 20 points. there's concern now that boehner can't secure enough votes in the republicans to support whatever plan may come from the other side of the aisle. and there's been a lot of complacency going in for investors. they will eventually get a deal done. european markets are now down at the s
. >>> now to business where the fiscal cliff negotiations, of course, weighing on the global markets. stock futures took a big hit after house speaker john boehner failed to rally the republicans around his so-called plan b. earlier yesterday markets actually rallied led by bank of america and jpmorgan. for more on what to expect from wall street today, my good friend, cnbc's ross westgate. happy holidays, sir. >> hey, brian. happy holidays. good to see you before christmas,...
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Nov 19, 2012
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let's talk first about fiscal cliff. obviously that's the pending business here in washington. i want to play something nancy pelosi had to say. again, we're in the stakes setting, ground rule laying part of this debate. let's play what pelosi said and we'll come back and talk about it. >> a possible xrcompromise that would lead rates the same but cap for high income earners. is that accept able? >> no. >> not at all? >> no way? >> the president made it very clear in his campaign there are not enough resources. what you just described is a formula and a blueprint for hampering our future. >> so, mark, what we saw on friday congressional leaders meet with president obama. everyone comes out and says, look, we're going to have a deal. what you see here from nancy pelosi, look, this isn't going to be a deal made by simply closing loopholes. what does that mean? though she's not saying it in that clip is we're going to have to raise taxes on the wealthy. are republicans in any position to really fight this? they're going to put up some kind of fight but to carry this on december 25
let's talk first about fiscal cliff. obviously that's the pending business here in washington. i want to play something nancy pelosi had to say. again, we're in the stakes setting, ground rule laying part of this debate. let's play what pelosi said and we'll come back and talk about it. >> a possible xrcompromise that would lead rates the same but cap for high income earners. is that accept able? >> no. >> not at all? >> no way? >> the president made it very clear...
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Dec 1, 2012
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there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> meanwhile house speaker john boehner says the latest proposal from the white house would cripple the economy. the plan calls for a boost in revenue by $1.6 trillion over the next decade. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean it's, it's -- not a serious proposal. so right now we're almost nowhere. >> >> mike viqueira joins us live from the white house. where is almost nowhere? >> it's inside the beltway and it's business as usual. it's also december 1st, alex, and
there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for...
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Jan 1, 2013
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before the fiscal cliff talks were happening, the national federation of independent businesses were saying that only 5% of those small businesses were going to hire. so, that's a small amount. now with this new kind of confidence, people are probably going to hire more, in addition to invest in those businesses. almost 19% are expected to invest in businesses over the next year. >> also, the alternative minimum tax gets fixed. a lot of people may not even know what that is. why is it important? >> now, this is a tax that often rears its ugly head across and over the years, and congress, you know, tries to keep it at bay. this was something that was supposed to be implemented for high net worth people, and it's being implemented on people who are that i can making between -- >> reaching into the middle class a little bit. >> it was creeping into the middle class. almost $3,000 worth of taxes were going to be implemented or having being imposed upon consumers, i guess taxpayers, that were making around $75,000 to $200,000. that's not going to happen. and really why that's important is
before the fiscal cliff talks were happening, the national federation of independent businesses were saying that only 5% of those small businesses were going to hire. so, that's a small amount. now with this new kind of confidence, people are probably going to hire more, in addition to invest in those businesses. almost 19% are expected to invest in businesses over the next year. >> also, the alternative minimum tax gets fixed. a lot of people may not even know what that is. why is it...
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Jan 2, 2013
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far worse than the impact of a fiscal cliff. people will remember back in 2011 the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, this meant business investment plunge, quote growth dropped. we can't go down that path again. this will remain in place as long as i am president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that is how our economy works best. that's how we grow. the sum total of all budget agreements we have reached so far proves that there is a path forward, that it is possible. if we focus not on our politics but on what is right for the country. the one thing that i think we will focus on in the new year is seeing if we can put a package like this together with a little less drama, and the less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue the way that reduces our deficit, prot
far worse than the impact of a fiscal cliff. people will remember back in 2011 the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, this meant business investment plunge, quote growth dropped. we can't go down that path again. this will remain in place as long as i am president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that is how our economy works best....
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Jul 26, 2012
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congress if they choose not to do the tax cuts at all will try to address the fiscal cliff issues in a more sustainable way. >> mitch mcconnell wanted democrats to -- >> put them on the record. >> going to help republicans in certain -- most people just sort of tune this out. >> i think most people tuned it out. folks are on the beach, vacationing, not focusing on this. the narrative about this congress has been written already. it is a do nothing congress. >> unbelievable. >> nothing is going to happen. >> unbelievable. >> between now and sequestration, we can get to the cliff, look at it, and people will feel the same way about this congress and so i think what mcconnell wanted to put them on the record in the senate, it dies in the house and to harold's point, the business communities of this country will sit there and go you know what, we'll just keep whatever we've got in the bank in the bank. >> why would -- yeah. it will cut investment. mike, i mean, between the house, the republican house, and the democratic senate, and you've been following politics a long time, has there ev
congress if they choose not to do the tax cuts at all will try to address the fiscal cliff issues in a more sustainable way. >> mitch mcconnell wanted democrats to -- >> put them on the record. >> going to help republicans in certain -- most people just sort of tune this out. >> i think most people tuned it out. folks are on the beach, vacationing, not focusing on this. the narrative about this congress has been written already. it is a do nothing congress. >>...
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Jul 16, 2012
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on the fiscal cliff. it's not just small businesses making decisions. big companies, defense contractors have to make decisions in the next couple of months on layoffs. >> they just sit on their hands. >> under federal law, these contractors have to actually give their employees 60 to 90 days notice to alert them that there may be major layoffs, there's a dramatic change in defense spending. >> that means october 1st if there's no action. >> so, maybe october 1st is a i mini fiscal cliff. >> imagine they have to send notices to all employees they may be laid off. >> straight point to congress, get to work on this. we can't wait until midnight december 31st. nobody's going to be partying. everybody's going to be bunkering down. >> they watch in the gym in congress. >> they watch when brian's on. >> all right, so brian's got this thing. he has a show. it's street signs, but he is hosting sports biz this thursday at 7:00 p.m. where? >> it's on the nbc sports network. another fine comcast property. 7:00 p.m. thursday night. we got mike lee, the boxer. >> is
on the fiscal cliff. it's not just small businesses making decisions. big companies, defense contractors have to make decisions in the next couple of months on layoffs. >> they just sit on their hands. >> under federal law, these contractors have to actually give their employees 60 to 90 days notice to alert them that there may be major layoffs, there's a dramatic change in defense spending. >> that means october 1st if there's no action. >> so, maybe october 1st is a i...
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Nov 20, 2012
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cliff. but you guys are pointing out that democrats are facing some challenges, but not from republicans, but from within their own party. >> yeah, i think a lot of the focus has been on how democrats have leveraged and they want to raise taxes on the rich. the truth is, a lot of divisions inside the democratic party over what to do on entitlement reform. you're not going to get republican votes unless you have some changes to medicare into social security. and inside the democratic party, there's a big divide. a third way, which is a group that represents centrist democrats, they're out with a poll of obama supporters this morning that show the vast majority of obama supporters actually support changes to medicare and social security, which puts them at odds with the liberal base of the party in the house and in the senate. and so, the president's going to have to navigate that. he knows it. it was a big part of the grand bargain talks last time around. so i think it's clear there'll be som
cliff. but you guys are pointing out that democrats are facing some challenges, but not from republicans, but from within their own party. >> yeah, i think a lot of the focus has been on how democrats have leveraged and they want to raise taxes on the rich. the truth is, a lot of divisions inside the democratic party over what to do on entitlement reform. you're not going to get republican votes unless you have some changes to medicare into social security. and inside the democratic...
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Oct 13, 2012
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and they said that, really, businesses are worried about this fiscal cliff that's about to happen. or may or may not happen. and basically what that means, fiscal life is the term that ben bernanke came up with. congress and washington doesn't get the deficit situation taken care of, these tax limitations are coming in, spending cuts are going to happen and that is what businesses are really afraid of. >> one of our headlines, excuses, excuses. i love that because one study says that a third of americans play hooky from work. >> yeah, a third. can you believe that? what is really interesting, too, is what their excuses are. some of the ones that i thought were some of my favorite. one man said that he forgot that he had -- he got hired for the job. >> what? >> yes. another woman said that her grandmother was being exhumed for an investigation. and therefore can't come in to work. her grandmother, someone part of the manson family that was under investigation now? yeah, so, that -- so there's that. and also, people still look at -- employers also investigate whether or not you're co
and they said that, really, businesses are worried about this fiscal cliff that's about to happen. or may or may not happen. and basically what that means, fiscal life is the term that ben bernanke came up with. congress and washington doesn't get the deficit situation taken care of, these tax limitations are coming in, spending cuts are going to happen and that is what businesses are really afraid of. >> one of our headlines, excuses, excuses. i love that because one study says that a...
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Jan 6, 2013
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what's interesting is it really does appear that the speaker concluded after the fiscal cliff vote on january 1st, that it was untenable for him to bring the $60 billion flood relief bill to the floor, given the mood of a significant numb over of members of kopg. >> he alienated members of congress because they felt like he caved. the white house had won and the next thing he's going to do that week and the last thing they'll do before they close the lights is $60 billion new in spend something. >> absolutely. there's concern among many members on the republican side with the debt and deficit and after adding at least the view of many of them, an additional $4 trillion based on the package that was passed to bring another $60 billion in this context was troublesome. but the problem is that disaster relief is traditionally immune from the poisonous parts of politics but for the first time in modern american history it was injected. >> fran, i want to get your perspective on this. you're still not in your house, right? >> i am not. >> your house flooded during hurricane sandy? >> yes, i
what's interesting is it really does appear that the speaker concluded after the fiscal cliff vote on january 1st, that it was untenable for him to bring the $60 billion flood relief bill to the floor, given the mood of a significant numb over of members of kopg. >> he alienated members of congress because they felt like he caved. the white house had won and the next thing he's going to do that week and the last thing they'll do before they close the lights is $60 billion new in spend...
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Dec 19, 2012
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we'll ask luke russert about the latest fiscal cliff back and forth. >>> and sister simone campbell joins us for a discussion on faith, fairness, and community. all of that when "now" starts after the break. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please?
we'll ask luke russert about the latest fiscal cliff back and forth. >>> and sister simone campbell joins us for a discussion on faith, fairness, and community. all of that when "now" starts after the break. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee...
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Sep 28, 2012
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watch out, this fiscal cliff thing is a big deal and coming up quick. >> josh, you have business owners a couple years said we're not going to invest, we will keep 3 trillion on the sidelines, don't know what will happen because of regulations, are they going to raise taxes. we have a third reason for business owners to be scared. what happens with the fiscal cliff and when we go over the side of the cliff. what happens when you raise taxes, cut spending at the same time? i mean, it is a horrifying business climate that will only cause the economy to grind to a halt more, which again leads to the question why is mitt romney losing. >> it is. and the only real certainty is it is not something that gets decided before the election. one of the ironies is that for all of the bad news, if you look at consumer confidence, it shot up the last few days since the democratic convention, there's a weird thing going on where confidence is defying the economic fundamentals in a way that helps the president. >> people are tired of feeling bad, they want to feel better. i am struck by the fact if we t
watch out, this fiscal cliff thing is a big deal and coming up quick. >> josh, you have business owners a couple years said we're not going to invest, we will keep 3 trillion on the sidelines, don't know what will happen because of regulations, are they going to raise taxes. we have a third reason for business owners to be scared. what happens with the fiscal cliff and when we go over the side of the cliff. what happens when you raise taxes, cut spending at the same time? i mean, it is a...
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Dec 31, 2012
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cliff. >> all right. amman, aside from the impact on businesses, right, there's also this impact particularly on lower income americans. >> right. >> you have the payroll tax, which is scheduled also -- the payroll tax cut is scheduled to expire, which would increase taxes on people who are paying that from 4.2ers perz to 6.2%. . what impact would that have on individual spending? isn't that one of the more stimulating stacks cuts that was passed in 2009? >> that was designed as a short-term stimulus. people see that immediately in their paycheck, and the idea was nelled immediately go out and spend it. s people have been spending it. once that goes up, you will see less money in your paycheck as a result of the payroll tax cut not being extended this time around. both democrats and republicans agree not to extend it. neither party kind of likes that tax cut, but for different reasons. so for a lot of political reasons, that's not in this debate right now. that thing has been left aside, and we're talking
cliff. >> all right. amman, aside from the impact on businesses, right, there's also this impact particularly on lower income americans. >> right. >> you have the payroll tax, which is scheduled also -- the payroll tax cut is scheduled to expire, which would increase taxes on people who are paying that from 4.2ers perz to 6.2%. . what impact would that have on individual spending? isn't that one of the more stimulating stacks cuts that was passed in 2009? >> that was...
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meanwhile, fed chairman ben bernanke, the man who coined the term fiscal cliff, urgently warned that just approaching the edge is causing damage. >> why is it that consumer confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile, even though we're not yet even reached the point of the fiscal cliff potentially kicking in? it's already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> a new nbc news wall street journal poll finds that nearly half the country does not think a deal will be reached. by a 2-1 margin, voters trust the president to handle the negotiations over speaker boehner. the last speaker of the house nancy pelosi had some stern advice for mr. boehner. >> you can bring a bill to the floor that the republicans don't have to vote for except for 25 of them. i had to do it as speaker. do you know what it was like to bring a bill to floor to fund the war in iraq. it's tough, but you have to do it, so is the point that you don't want to put your member
meanwhile, fed chairman ben bernanke, the man who coined the term fiscal cliff, urgently warned that just approaching the edge is causing damage. >> why is it that consumer confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile, even though we're not yet even reached the point of the fiscal cliff potentially kicking in? it's already affecting business investment and hiring decisions by creating uncertainty or...
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, we house republicans are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option and senate democrats should take up both of these measures immediately and the president has a decision to make. he can support these measures or be responsible for reckless spending and the largest tax hike in american history. i'll take some questions. yes? >> do you think you have the votes to pass the plan? >> yes. we'll have the votes to pass both the permanent tax relief bill as well as the spending reduction. >> are you worried that by having your members vote on this $1 billion cutoff you are making it -- [ inaudible ] >> the nation faces the largest tax increase in history come january 1, 2013. this bill is a bill that provides permanent tax relief for taxpayers earning $1 million and under. we protect 99.81% of american taxpayers from a tax increase in these very difficult economic times. we hope that the senate will take this bill up along with the spending reduction act and get the job done in lie
, we house republicans are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option and senate democrats should take up both of these measures immediately and the president has a decision to make. he can support these measures or be responsible for reckless spending and the largest tax hike in american history. i'll take some questions. yes? >> do you think you have the votes to pass the plan? >> yes. we'll have...
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> we can debate at length whether the november 6th election was a mandate, but i don't think we can debate the basics that it was a work order, a work order from the american people to members of congress and to the president, roll up your sleeves, work together and solve the problems. we got the message. did speaker boehner get the message? because the message was work together. what we hear from him is all of his pain and frustration and angst dealing with the tea party in his own caucus. well, there comes a point when he needs to look beyond his caucus to the house and to the nation. >> all right. welcome back to "morning joe." >> i guess the more things change, the more they stay the same. it's depressing, you're right, harold, we've seen this movie before. this was a year ago. this happened a year ago. and i know the media says oh, it's the republicans' fault any time the house doesn't completely fold into what the pres
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> we can debate at length whether the november 6th election was a mandate, but i don't think we can debate the basics that it was a work order, a work order from the american people to members of congress and to the president, roll up your sleeves, work together and solve the problems. we got the message. did speaker boehner get the...
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the fiscal cliff vote. >>> and buzz lightyear likes space suits. >>> starting with a full-blown winter storm that could dump as much as a foot of snow in some areas. eight states have already issued blizzard warnings, almost ens e ensuring a white christmas for many parts of the country as the storm continues moving east. if that's not enough, more storms are forecast for next week. we'll have bill karins full forecast coming up. >>> as time runs out for lawmakers hammering out a deal to avoid the fiscal cliff, house republicans are sweetening a backup plan to gain more gop support. the president is vowing a veto even as hangups and negotiations threaten to keep him in town or delay his hawaiian vacation yet again this year. the irs estimates as many as 100 million tax returns could be delayed if no deal is struck by january 1st. >>> nbc's tracie potts joins us now from washington to break it all down. good morning. what's happening in today's vote? >> reporter: a couple of votes today. let's break it down for you, mara. the big vote that the republicans are pushing to have everyone un
the fiscal cliff vote. >>> and buzz lightyear likes space suits. >>> starting with a full-blown winter storm that could dump as much as a foot of snow in some areas. eight states have already issued blizzard warnings, almost ens e ensuring a white christmas for many parts of the country as the storm continues moving east. if that's not enough, more storms are forecast for next week. we'll have bill karins full forecast coming up. >>> as time runs out for lawmakers...
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two days after the republican fiscal cliff counter offer, both sides are coming out swings. speaker john boehner defended his proposal this morning, adopting a page from the dem's fairness playbook. >> the revenues we're putting on the table are going to come from, guess who? the rich. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising
two days after the republican fiscal cliff counter offer, both sides are coming out swings. speaker john boehner defended his proposal this morning, adopting a page from the dem's fairness playbook. >> the revenues we're putting on the table are going to come from, guess who? the rich. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising
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Jan 1, 2013
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cliff. >> questions? >> i think you were first. >> can i ask, what are your spies on the other side in a sense telling you how it's going over there? you have to count heads with them as well. >> i'm not stipulating to any characterization of any information that we received from our friends in the press. i really have no idea. >> you have to get with them as well to approve this. what are you hearing from the other side? >> i think that your question is better addressed to the republicans coming out of their conference. we just came out of ours, and we know what you tell us as to what's coming out of their conference. >> let me just say, we have not had an opportunity to talk to their leadership at this point in time. >> since our votes. >> you said just a moment ago you would prefer a straight up and down vote on that. >> absolutely. >> is that because of the time or this was a deal brokered by the vice president? >> no, it was a bill passed in the united states senate, 89-8. tell me when
cliff. >> questions? >> i think you were first. >> can i ask, what are your spies on the other side in a sense telling you how it's going over there? you have to count heads with them as well. >> i'm not stipulating to any characterization of any information that we received from our friends in the press. i really have no idea. >> you have to get with them as well to approve this. what are you hearing from the other side? >> i think that your question is...
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cliff. also this morning former cia director david patraeus testifying at two closed hearings on capitol hill about what happened on september 11 in libya. >>> major developments in the situation in israel and gaza where they could be on the brink of war. two rockets hitting southern tel aviv today. that was the sound they heard there. while no one was hurt it is the farthest gaza has ever hit inside israel. a brief cease-fire earlier in the day did not last long either. let's go to gaza live. >> reporter: good morning, richard. in fact, those sirens you're hearing on the israeli side, there aren't any of them here in gaza. in fact, israel has been carrying out air strikes all over the course of the past several hours. palestinians are reporting that there were casualties including a palestinian boy in the city. palestinian militants have been able to fire rockets into southern israel. there is no sign that the conflict on that front is actually slowing down. in fact, what many people here a
cliff. also this morning former cia director david patraeus testifying at two closed hearings on capitol hill about what happened on september 11 in libya. >>> major developments in the situation in israel and gaza where they could be on the brink of war. two rockets hitting southern tel aviv today. that was the sound they heard there. while no one was hurt it is the farthest gaza has ever hit inside israel. a brief cease-fire earlier in the day did not last long either. let's go to...
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economy back is fear of the fiscal cliff. everybody knows you can't solve that on -- that one president or one party can't solve that. so sending that kind of signal i think is a reassuring statement to both to people and business that he's prepared to do what's necessary to get the deal done. the trick is that it takes two parties to do that and it's not a guarantee he will have two parties. >> i would say not just a business, but to the extent there are undecided independent voters out there, they love the idea of the two parties working together. partisans don't but those folks who haven't made their mind up. vin, the thing i was -- i circled it a bunch of times of romney's speech and wrote it in capitals you know it's important. >> it's important. >> the word change. romney in the last three paragraphs change, this election is a choice between the status quo or choosing real change, ready for that kind of change, he says -- ad libs ready to change america. it's a remarkable turnaround from hope and change the core of bara
economy back is fear of the fiscal cliff. everybody knows you can't solve that on -- that one president or one party can't solve that. so sending that kind of signal i think is a reassuring statement to both to people and business that he's prepared to do what's necessary to get the deal done. the trick is that it takes two parties to do that and it's not a guarantee he will have two parties. >> i would say not just a business, but to the extent there are undecided independent voters out...
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related to the fiscal cliff. as we've been reported, the senate won't tonight either. although they're talking and we expect them to come back tomorrow morning at 11:00. as we all know from past battles, today's fiscal cliff fight is, sadly, typical. in fact, this congress is on track to go down as the least productive congress since recordkeeping began. in the course of nearly two years, the 112th congress has passed 219 bills that have actually been signed into law by president obama. but a lot of these laws were insignificant, things like the names of post offices. and a slew of bills passed by the house had no chance of passing the senate or getting the president's signature, like repeated attempts to repeal the affordable care act. the influence of the tea party lawmakers have been a clear factor. >> the tea party, which is not even on the screen about a year ago at this time, is a very domineering force. >> one story will be with us, the rise of the tea party. >> regardless of what those elites think, the t
related to the fiscal cliff. as we've been reported, the senate won't tonight either. although they're talking and we expect them to come back tomorrow morning at 11:00. as we all know from past battles, today's fiscal cliff fight is, sadly, typical. in fact, this congress is on track to go down as the least productive congress since recordkeeping began. in the course of nearly two years, the 112th congress has passed 219 bills that have actually been signed into law by president obama. but a...
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eclipsed only from economists from stanford and northwestern by both 9/11 and the near fiscal cliff we saw back in 2011. it's been more tumultuous in economic uncertainty since the 1987 crash. one other thing involving trump administration and business is nafta. the trade agreement involving northern american countries. we heard during the campaign president trump threatening to withdrawal from the deal, saying it was the worst deal in history. he's rode that back slightly under pressure from justin trudeau and mexican authorities. however, they have just notified his administration has just notified congress in a 90-day letter from lighthize they are looking to renegotiate nafta in the comin days. >> life from london, thanks so much. >>> during his testimony to senate banking committee yesterday, treasury secretary steve mnuchin said the trump administration did not support breaking up big banks, a point elizabeth warren said conflicted with previous statements that the administration was considering a 21st century version of the glass/steagall act. the legislation that once prohibite
eclipsed only from economists from stanford and northwestern by both 9/11 and the near fiscal cliff we saw back in 2011. it's been more tumultuous in economic uncertainty since the 1987 crash. one other thing involving trump administration and business is nafta. the trade agreement involving northern american countries. we heard during the campaign president trump threatening to withdrawal from the deal, saying it was the worst deal in history. he's rode that back slightly under pressure from...
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cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial pain. in my view, it was worth the effort. >> nbc's luke russert is live on capitol hill. good morning. happy new year to you. >> good morning, mara. good to see you in the chair. >> thank you very much, sir. so the house republican conference meets at 1:00. is that speaker boehner's best chance to sell this to republicans? >> reporter: it is. this is by no means a done deal. it did get 9 votes in the senate and one would think such a bipartisan vote in that body would correlate over to the house of representatives b
cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial...
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the hullabaloo that was the fiscal cliff may have bore some fruit. few tax code additions were made because congress was too busy for the fisticuffs. and irs programmers were waylayed by the cliff debate. outraged you say? not completely. americans like their deductions and credits. tax-free employer benefits, yes. tax-free contributions, yeah. mortgage deductions, definitely. amounting to half a trillion dollars annually, they are -- [ cow moo ] -- yeah, the tax sacred cow. president obama is targeting that and hedge tax breaks as well. something that speaker boehner agrees with if in spirit. >> moos on the way. >> i was trying to make it fun. >> i was wondering why there were cows in my ears on the break. now, i understand. those numbers are mind-boggling. thank you, richard. i'm chris jansing. thomas roberts is up next. we'll see you back here tomorrow. helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. sven gets great rewards for his small business! how does thi
the hullabaloo that was the fiscal cliff may have bore some fruit. few tax code additions were made because congress was too busy for the fisticuffs. and irs programmers were waylayed by the cliff debate. outraged you say? not completely. americans like their deductions and credits. tax-free employer benefits, yes. tax-free contributions, yeah. mortgage deductions, definitely. amounting to half a trillion dollars annually, they are -- [ cow moo ] -- yeah, the tax sacred cow. president obama is...
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business. i think they can just sit there and he can say, so, governor romney, what are your thoughts on the fiscal cliff. >> it doesn't matter. they're going to sit there for, what, 90 minutes, 30 minutes, 15? >> 90 minutes is excruciating. >> 90 minutes with mitt romney regardless of the person who's there would be pretty awkward. >> i think it's a good thing. i don't care what you all think anymore. >> he's over us. >> i do care about the 47 million people -- or 47% who voted for romney. i do care about you guys, right? that's cool. >>> up next, what women stand to lose in the fiscal fiasco. now president terry o'neill is in the guest spot. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] try this... bayer? this
business. i think they can just sit there and he can say, so, governor romney, what are your thoughts on the fiscal cliff. >> it doesn't matter. they're going to sit there for, what, 90 minutes, 30 minutes, 15? >> 90 minutes is excruciating. >> 90 minutes with mitt romney regardless of the person who's there would be pretty awkward. >> i think it's a good thing. i don't care what you all think anymore. >> he's over us. >> i do care about the 47 million people...
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the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the
the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being...
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is it going to be easier to get bipartisan view on immigration or on the fiscal cliff? they're both very important in terms of getting business moving. >> i think there's more after consensus on immigration than on the fiscal cliff. >> let's talk about taxing overseas profits only where they are earned. explain that. >> well, that's really something where the united states is an outlier and the argument here is bring them back where they're earned. at the moment the problem is american companies have lots of money sitting overseas because they don't want to bring it back and be taxed in the united states. so that is something that puts as one of his eight points because it is holding back investments by american companies. >> all right. the new issue of "the economist" is "the world in 2013." daniel franklin. thank you so much for being on the show this morning. stay with us. much more on "morning joe." ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever be
is it going to be easier to get bipartisan view on immigration or on the fiscal cliff? they're both very important in terms of getting business moving. >> i think there's more after consensus on immigration than on the fiscal cliff. >> let's talk about taxing overseas profits only where they are earned. explain that. >> well, that's really something where the united states is an outlier and the argument here is bring them back where they're earned. at the moment the problem is...
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do you think congress will get to a vote on the fiscal cliff before the new year? and do you think it should? >> let me think about this. lame duck shouldn't have big bills. anyhow, i think that we are in business to take care of the needs of the american people, and we should not shy away from dealing with issues that relate to the american economy, making government work more effectively, and also i'm concerned about america overreaching abroader, about us putting ourselves, our troops at the risk of more military involvement. we've got to be very careful with that. that's why congress has to be in and perform its role effectively as a branch of government which is supposed to be separate and independent from the executive branch. >> but with so many people looking at the economy as being a primary focus of how they will pull the levers or mark those ballots come november 6, when it comes to the fiscal cliff, on what are you willing to compromise? >> look. i don't think that there's any reason why america should go over a fiscal cliff. but look at the spending. w
do you think congress will get to a vote on the fiscal cliff before the new year? and do you think it should? >> let me think about this. lame duck shouldn't have big bills. anyhow, i think that we are in business to take care of the needs of the american people, and we should not shy away from dealing with issues that relate to the american economy, making government work more effectively, and also i'm concerned about america overreaching abroader, about us putting ourselves, our troops...
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i wanted t-shirts who is over the fiscal cliff. i thought it was catchy, and i thought they would sell and i think it could help if the country came out they could charge good money for that. >> it's a side business for that. >> i just hope to get a new contract here when the time is up. there's this other group in washington, this one over the problem with gun violence, if the government wasn't able to do something on that issue and especially with the appetite in the american public right now. what do you think is really going to be the first thing that the white house can claim victory on to push the needle forward there. >> and buying talk this week as well, the white house has executive orders and making it harder for people who are mentally ill for people to buy guns and i can do that without congress approving it and you can do incremental things there. and the assault weapons ban and also a ban on high-capacity magazines and ultimately right now i think i've seen two house republicans out of 230. two house republicans right
i wanted t-shirts who is over the fiscal cliff. i thought it was catchy, and i thought they would sell and i think it could help if the country came out they could charge good money for that. >> it's a side business for that. >> i just hope to get a new contract here when the time is up. there's this other group in washington, this one over the problem with gun violence, if the government wasn't able to do something on that issue and especially with the appetite in the american...
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leaders over the course of this conversation on the fiscal cliff. i think that's going to be another thing he looks at. >> now, a couple of things you mentioned in there. immigration reform, maybe corporate tax reform. what we saw in the first term, largely, was sort of intractability, that the president proposed things, health care, economic stimulus got three republican votes, one of whom, arlen specter, was no longer -- became a democrat by the time the election happened. are these things post-election things that republicans can get behind? because we just had an election and here we are, you know, a month and a half later, and we're at the same place with the fiscal cliff that i feel like we were six months ago! >> yeah, well, we've been here, done this, but i think it is possible, i think immigration reform, because it's good for everybody politically as well as for the country. but you know, the frustration i think is this all -- the republicans should have captured this message day one of obama's presidency. they should have said, no, not he
leaders over the course of this conversation on the fiscal cliff. i think that's going to be another thing he looks at. >> now, a couple of things you mentioned in there. immigration reform, maybe corporate tax reform. what we saw in the first term, largely, was sort of intractability, that the president proposed things, health care, economic stimulus got three republican votes, one of whom, arlen specter, was no longer -- became a democrat by the time the election happened. are these...
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as far as the fiscal cliff is concerned, as the speaker has said, we remain committed to trying to minimize the impact on hard-working families and small businesses. in this country, as far as tax increases are concerned. we look to find the answer to solve the problem on the spending issue, here in washington. the president is not yet there. he has not come to where he needs to be, in order for us to push through a bill that really does begin to address the problem. and as a speaker said, that's why we are now discussing an alternative plan, if the president and the white house, cannot come our way. thank you. >> and owe eric cantor and speaker boehner talking about what we had mentioned at the top. hour that they are having a plan "b" that would make sure these tax rates stay down for anyone making less than $1 million a year. in the meantime, as i just reported, students here in at newtown, connecticut, are going back to class today, but not those at sandy hook elementary. they have been burying their classmates and teachers. 6-year-old jessica rekos would be laid to rest today. her fami
as far as the fiscal cliff is concerned, as the speaker has said, we remain committed to trying to minimize the impact on hard-working families and small businesses. in this country, as far as tax increases are concerned. we look to find the answer to solve the problem on the spending issue, here in washington. the president is not yet there. he has not come to where he needs to be, in order for us to push through a bill that really does begin to address the problem. and as a speaker said,...
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the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. >> that's ridiculous. welcome back to "morning joe." >> you weren't talking about the president. >> no. of course not. >> the picture in the "new york post." >> tom brokaw looked at it, and he was very -- >> jon meacham is with us. with us at the table, the director of the earth institute at columbia university, economist dr. jeffrey sachs and nbc news' tom brokaw. like simon & garfunkel getting back together in the park. you and jane pauley. >> this is going to be huge. she's coming on today. >> i know she is. i dialed back and realized how long we had known each other. >> how'd that go? >> you can never look back, as don henley said. don't count the years. not good for any of us. >> in the fall of 1976, we were joined on the "today" show. i had covered watergate for three year
the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. >> that's ridiculous. welcome back to "morning joe." >> you weren't talking about the president. >> no. of course not. >> the picture in the "new york post." >>...
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cliff. hewlett-packard shares slide by 12% after a huge charge related to alleged fraud. and that is it from cnbc. those are the headlines in business. we're first in business worldwide. now it's back over to "hardball." >>> back to "hardball." secretary of state hillary clinton landed on choppy diplomatic waters today when she peeled off from the trip to asia with the president to wade into the growing conflict between israel and hamas. shortly after landing in israel today, she met with prime minister benjamin netanyahu. let's watch. >> president obama asked me to come to israel with a very clear message. america's commitment to israel's security is rock solid and unwavering. the rocket attacks from terrorist organizations inside gaza on israeli cities and towns must end and a broader calm restored. >> with her time as secretary of state coming to an end, clinton's diplomatic push will likely be one of her most climatic acts in this business, very much near the end of the term. it could he
cliff. hewlett-packard shares slide by 12% after a huge charge related to alleged fraud. and that is it from cnbc. those are the headlines in business. we're first in business worldwide. now it's back over to "hardball." >>> back to "hardball." secretary of state hillary clinton landed on choppy diplomatic waters today when she peeled off from the trip to asia with the president to wade into the growing conflict between israel and hamas. shortly after landing in...
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big business looks at them and says, how do you run a country with debt-ceiling debacles, fiscal cliffs with no decisions being made? and so it's a little bit like that old line, i didn't leave my heart. my party left me. i think a lot of big businessmen feel republicans have just gone a little bit crazy, and they are sort of now a group without a home because they're not democrats either. but it's another problem area for republicans. >> you saw that during the fiscal cliff. you know, when you had this parade of these big ceos going down to washington, more engaged arguably than any time in the last several years, but yet it didn't really have an impact at all. and i think part of that is because their message was, you've got to compromise, but part of that is because they weren't really saying anything specifically. they weren't hyper-engaged in a way they were calling them up and said there's what you have to compromise on. it was appealing to the mass populous. >> that group which i'm involved with left really disappointed/disgusted with what goes on in washington. >> as we all were
big business looks at them and says, how do you run a country with debt-ceiling debacles, fiscal cliffs with no decisions being made? and so it's a little bit like that old line, i didn't leave my heart. my party left me. i think a lot of big businessmen feel republicans have just gone a little bit crazy, and they are sort of now a group without a home because they're not democrats either. but it's another problem area for republicans. >> you saw that during the fiscal cliff. you know,...
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he needs to decide if he takes this country over the fiscal cliff by refusing to bend on tax cuts for the wealthiest americans. as of now, he still says that tax cuts are off the table. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about it? >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> boehner is boxing himself in by taking all tax increases off the table. e today the president repeated his intention to pass a bill keeping the tax cuts on anyone with income under $250,000. >> the senate has already passed a bill doing exactly this. so all we need is action from the house. i've got the pen. ready to sign the bill right away. i'm ready to do it. >> house republicans are going to have a lot of explaining to do if they don't pass tax cut extensions on the american people who need it the most. americans labor coalition made it clear it will support the president in this effort to strike a deal. "the washington post" wrote, i'm told that the u
he needs to decide if he takes this country over the fiscal cliff by refusing to bend on tax cuts for the wealthiest americans. as of now, he still says that tax cuts are off the table. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about it? >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> boehner is boxing himself in by taking...
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they're uncertain about the fiscal cliff. they're uncertain about taxation. they're uncertain about anyone's policies of how to deal with something as logical as like what was proposed by simpson-bowles to deal with all of these issues. i think, you know, until there is certainty, let alone the geopolitical uncertainty that exists in the world, but look, what people need, there's no even knowledge about what's going to happen with taxation. so as a result, there's no -- there's no -- you had bad employment numbers on friday, 96,000 jobs created. yet the market's going up. so the market usually is a discount factor of the future. so obviously, the market believes that at some point in time, some of these issues will be dealt with. but yes, it is a frustration that is felt that there is no viable alternative on either side. >> they've got trillions of dollars on the sidelines. there has been for several years. there's an uncertainty, but the uncertainty now, unfortunately, is not just barack obama, which you've been able to put it on barack obama for the past t
they're uncertain about the fiscal cliff. they're uncertain about taxation. they're uncertain about anyone's policies of how to deal with something as logical as like what was proposed by simpson-bowles to deal with all of these issues. i think, you know, until there is certainty, let alone the geopolitical uncertainty that exists in the world, but look, what people need, there's no even knowledge about what's going to happen with taxation. so as a result, there's no -- there's no -- you had...
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. >> with the fiscal cliff deal, the president just got a large tax increase and not just on the wealthy, but on small business owners and on the middle class. i don't think the american people voted or had any mandate to give up more of their personal wealth. what they want is to be able to make it to the 15th and 30th of every month. we want consumer spending to go up. the best way to raise revenue, alex, is to grow our economy. if we don't get our debt and out of control spending in check here, we will not grow this economy. >> but is it entirely fair to call it the president's sequestration? because congress is the group that passed it. >> well, the president proposed it. and the president has also, i think, frankly, shown a real void in leadership in terms of this budget and dealing with the real problems facing america. we passed as a house in a bipartisan basis, both no budget, no pay, to be sure the senate was doing their job in finally putting forth a responsible budget, and also last week they require a plan to the president saying, hey, you're late on your budget, four years o
. >> with the fiscal cliff deal, the president just got a large tax increase and not just on the wealthy, but on small business owners and on the middle class. i don't think the american people voted or had any mandate to give up more of their personal wealth. what they want is to be able to make it to the 15th and 30th of every month. we want consumer spending to go up. the best way to raise revenue, alex, is to grow our economy. if we don't get our debt and out of control spending in...
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they have to do a debt ceiling deal and had to do a fiscal cliff deal. they feel like they have though do an immigration deal and you see that in elites in both parties that -- business interests and basically the whole washington establishment of the republican party really wants them to do an immigration deal. norquist is one of the people that is aggressively pushing for immigration deal to get done on the right. i think that not only does that -- is it a high priority for republican establishment figures, it is also -- that's going to give cover to the individual republican members who vote for the bill. they are going to have institutional support behind them for having done this. i think that it is likely to pass in the same way things like the fiscal cliff deal pass where they will a mine sort of republican support in the house together with democrats. the bill will not be as aggressive as democrats want. i don't think there will be a poison pill like the border security triggers that can never be triggered that john cornyn wants. i still think it
they have to do a debt ceiling deal and had to do a fiscal cliff deal. they feel like they have though do an immigration deal and you see that in elites in both parties that -- business interests and basically the whole washington establishment of the republican party really wants them to do an immigration deal. norquist is one of the people that is aggressively pushing for immigration deal to get done on the right. i think that not only does that -- is it a high priority for republican...
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cliff negotiations but house republicans. >> it was busy, though, you had the inauguration, right? right? snow uh-huh. >> super bowl went four hours long. it was a long super bowl. >> it was. >> come on. >> there are a lot of things you can kind of get worked up about. that deadline is n not -- shouldn't be one of them. the problem here, by the way, is the mechanics of putting together the annual budget are too antiquated so it takes much longer literally to put the numbers together and print it and blah blah blah than it should. which means if you don't know what the law is until january 1st, you won't hit it. >> nobody roads for the president's budget any way. it has zero votes. >> we can send drones health official way around the world do this but we can't print a budget. snow that's my point. 92 is this fair? >> that's very good, we can send a man to the moon theme. you updated it for us. 92 moving fast, man, internet age. >> i hear the webs is a big thing. >> i love the website. >> republicans are blaming this on a look of leadership in the oval office. >> president obama miss
cliff negotiations but house republicans. >> it was busy, though, you had the inauguration, right? right? snow uh-huh. >> super bowl went four hours long. it was a long super bowl. >> it was. >> come on. >> there are a lot of things you can kind of get worked up about. that deadline is n not -- shouldn't be one of them. the problem here, by the way, is the mechanics of putting together the annual budget are too antiquated so it takes much longer literally to put...
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cliff, rather, and if they don't, it could harm consumer can ha confidence and in turn businesses like this one in pennsylvania. but, chris, also expect republicans to sort of lob a counterpunch today. i expect them to sort of highlight a business nearby that could be harmed if taxes do go up on those making $250,000 or more because, of course, that is for some small businesses their budget level. chris? >> and one thing, a quick follow-up, did the white house -- do you have any indication did the white house expect the reaction they got on capitol hill yesterday? i assume with this proposal, which much of it isn't new. this is essentially the president's budget proposal from last year, that they didn't think john boehner was going to say, that sounds good, let's do that. but did they expect the dismissiveness and john boehner's tone in his press conference yesterday? did that catch them by surprise at all? >> reporter: well, i think the white house democrats were a little surprised by the backlash but, as you point out, this budget proposal is essentially what the president proposed l
cliff, rather, and if they don't, it could harm consumer can ha confidence and in turn businesses like this one in pennsylvania. but, chris, also expect republicans to sort of lob a counterpunch today. i expect them to sort of highlight a business nearby that could be harmed if taxes do go up on those making $250,000 or more because, of course, that is for some small businesses their budget level. chris? >> and one thing, a quick follow-up, did the white house -- do you have any...
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cliff that awaits us? >> it's ironic for congressional reporters. we're not so busy before the collection. we'll be busy after the election during the lame duck. you mentioned them not being in session today. we went back through the numbers. frank thorpe, our congressional producer extraordinaire stat boy of congress, and he found out they're only working eight days in september this year. last time in the '08 election they worked 16 days and '04 they worked 14 days. i did the math. this is the earliest release date, september 21st, by about nine days we have seen in recent memory. >> but, luke, when i hear you say eight days, i begin to worry about them. i think that may be too much. seriously. >> any way you slice it and dice it, they are recessing earlier than any congress has in recent memory in this century. >> one member of congress who we are watching live now is the great paul ryan, and as you know, he had a very brief visit back last week. but when he arrived, his budget was sadly eviscerated by
cliff that awaits us? >> it's ironic for congressional reporters. we're not so busy before the collection. we'll be busy after the election during the lame duck. you mentioned them not being in session today. we went back through the numbers. frank thorpe, our congressional producer extraordinaire stat boy of congress, and he found out they're only working eight days in september this year. last time in the '08 election they worked 16 days and '04 they worked 14 days. i did the math. this...
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but, you know can't do it with the debt ceiling, fiscal cliff, you can't do it when you are shutting down the government. all i'm talking about is the president of the united states has absolutely no -- in no position to talk about who is being reckless with the debt. the real default has come from his lack of leadership on deficits and on debt. the federal deficit has been over a trillion dollars for all four years that he has been president of the united states. he has done absolutely nothing to curb the costs of the programs that will, according to democrats, bankrupt us. what's harry reid done in the senate? what have democrats done in the senate? absolutely nothing. how many days, alex, since they passed a budget? >> 1,357. >> that's pretty good. 1,357 days since democrats have passed a budget in the united states senate. >> let's talk about that lack of leadership that so many people have criticized the president for not reaching out and being a leader and bringing in republicans to really, you know, get to know on every level so that they can perhaps negotiate a deal. presiden
but, you know can't do it with the debt ceiling, fiscal cliff, you can't do it when you are shutting down the government. all i'm talking about is the president of the united states has absolutely no -- in no position to talk about who is being reckless with the debt. the real default has come from his lack of leadership on deficits and on debt. the federal deficit has been over a trillion dollars for all four years that he has been president of the united states. he has done absolutely nothing...
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i think they'll try to use that in the fiscal cliff negotiations to put the health care provisions and try to water them down. the business owners who are against it are going to use this leverage saying it's costly for us. we'll pass it on to employees. to troy to sort to sway public opinion. i think the obama administration on the other hand will do their own campaign to get the word out and for those supporters and uninsured who support this, here's how you sort of lobby for it. i think it's going to be in the next battlefront. >> but if you think this is sort of an anti-working class vendetta, david, what are the likelihoods of these job actions being successful in stopping this? >> i don't know they're going to be able to stop it, but i think that it's a really complicated issue. we had an interesting story the other day who said the vast majority of people eligible for the health care reforms don't understand it. this is a problem that i think the obama administration faces. they'll have to go out and make a better opportunity in terms of publicizing what these changes mean, exac
i think they'll try to use that in the fiscal cliff negotiations to put the health care provisions and try to water them down. the business owners who are against it are going to use this leverage saying it's costly for us. we'll pass it on to employees. to troy to sort to sway public opinion. i think the obama administration on the other hand will do their own campaign to get the word out and for those supporters and uninsured who support this, here's how you sort of lobby for it. i think it's...
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these folks just a couple of weeks ago said they couldn't bear to go over the fiscal cliff, which you like to call it the curb. and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the discretionary spending that they would have to cut under these circumstances. so there wouldn't ever be, many republicans insist they wouldn't ever be a realistic prospect of default in this. and that is why the president uses the word "obligations," instead of the word debt because they may just agree with them that there wouldn't actually be a debt default. >> it is unclear, we literally don't know what would happen because it never happened bef e before. so a legal authority
these folks just a couple of weeks ago said they couldn't bear to go over the fiscal cliff, which you like to call it the curb. and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could...
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this fiscal cliff is a serious issue in the minds of a lot of ceos of all business kinds across the country, for the single issue you raise. there's a huge question mark over what they can expect, what they can anticipate, and the new burdens that will be placed upon them and their businesses. if you and i ran a business, not only we'd be worried about that, but a publicly run business, there are a whole new set of laws and regulations that congress has passed. so i say to those in my party and others, understand, these question marks are real issues, and not knowing the uncertainty, as much as some democrats dismiss it, this is a real thing on the minds of people who employ people. >> and you know, the fiscal cliff, that's the responsibility, obviously, of both parties. >> that's why congress' approve is at 12%. >> the contempt for congress, the republicans in the house and the democrats in the senate that run it from business is really high as well. >> why don't we go there now. you mentioned the cbo report. we'll go to nb3 tower. the nonpartisan budget congressional office worked about t
this fiscal cliff is a serious issue in the minds of a lot of ceos of all business kinds across the country, for the single issue you raise. there's a huge question mark over what they can expect, what they can anticipate, and the new burdens that will be placed upon them and their businesses. if you and i ran a business, not only we'd be worried about that, but a publicly run business, there are a whole new set of laws and regulations that congress has passed. so i say to those in my party and...
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people who don't want fiscal cliffs, they want fiscal recovery. so we shouldn't be judged by what age you have to be in the leadership. it should be judged by what you've done for the country an the caucus. we have an incredible, extraordinary class of new democrats who have a new fresh energy and are willing to compromise with republicans to move the country forward. >> they were sent there by their constituents. is it not enough that they are eligible to be leaders in their own life? you have to wait your turn. >> look, everybody elected to congress on boeth sides of the aisle are elected by their own right. we are very proud we just elected a class of 49 new democrats, all of whom are eligible for leadership at a certain point. if this caucus didn't believe in the leadership it has, it would have chosen other leaders. she would stay as leaders and say i'll stay if you stay, that is automatic renewal of a contract as i have ever seen. but when that happened, our caucus erupted in cheers that she made the decision to stay. >> congressman steve is
people who don't want fiscal cliffs, they want fiscal recovery. so we shouldn't be judged by what age you have to be in the leadership. it should be judged by what you've done for the country an the caucus. we have an incredible, extraordinary class of new democrats who have a new fresh energy and are willing to compromise with republicans to move the country forward. >> they were sent there by their constituents. is it not enough that they are eligible to be leaders in their own life?...